To: GST who wrote (78372 ) 9/23/1999 10:49:00 PM From: Glenn D. Rudolph Read Replies (1) | Respond to of 164684
23 Sep 17:36 NEW YORK (Dow Jones)--Technology and certain Internet stocks that were pummeled in the last couple hours of Nasdaq trading were recouping some of their losses after-hours. The high-tech sector had plunged in the regular trading session as implications of the earthquake in Taiwan began to sink in. In comments made Thursday afternoon, Salomon Smith Barney analyst Richard Gardner cautioned that the earthquake could have an impact on fourth-quarter PC shipments. Also, SG Cowen & Co. analyst Drew Peck echoed the same sentiments in earlier comments. Shares of chip giant Intel Corp. (INTC) which closed down 5 5/16, or 6.4%, to 77 1/2, recently changed hands higher at 77 3/4 in late trading, according to Reuters Instinet. Microsoft Corp.'s (MSFT) shares inched up to 91 7/16 from their close at 91 3/16, while Dell Computer Corp. (DELL) rose to 43 7/16 from 43 and Gateway Inc. (GTW) rose to 43 5/8 from 43 3/8 at the end of the regular trading session. Most active in late market trading were shares in Intuit Inc. (INTU), Mountain View, Calif. The financial software maker and Web-based service provider said after the market's closing bell that its chief executive, Bill Harris, resigned. Intuit shares recently traded down to 96 from their regular session close of 100 9/16. The company said its board named Chairman Bill Campbell acting chief executive. Campbell, who will serve in the post until the company finds a replacement for Harris, was formerly Intuit's chief executive. Harris is resigning to pursue "entrepreneurial interests" and will stay on with the company as a director, Intuit said. -Amy Hughes; 201-938-5171 (END) DOW JONES NEWS 09-23-99 05:36 PM